The call highlighted strong operational execution and financial performance with increased backlog and cash position. However, safety incidents, rig suspensions, day rate pressures, and revised financial guidance due to contract terminations presented challenges.

Company Guidance -

Q3 2025

During the Shelf Drilling First Quarter 2025 Earnings Conference Call, the company provided comprehensive guidance for the year ahead. Key metrics highlighted included a backlog of $1.6 billion with 29 out of 33 rigs contracted at an average day rate of approximately $100,000 per day. The company reported Q1 2025 adjusted revenue of $243 million and adjusted EBITDA of $96 million, resulting in a margin of 40%. The quarter-end cash balance stood at $207 million, reflecting a $55 million increase from year-end 2024. For the full year 2025, adjusted EBITDA is forecasted to range between $310 million and $360 million, with capital spending and deferred costs revised down to $85 million to $115 million. The company remains focused on operational excellence, capital discipline, and securing near-term contract opportunities, amid a challenging market environment influenced by geopolitical tensions and oil price volatility.

Strong Operating Execution

Achieved fleet-wide uptime of 99.4% for Q1 2025, continuing excellent operating results from 2024.

Increased Backlog

As of March 31st, the backlog was $1.6 billion with 29 of 33 rigs contracted, reflecting strong geographic diversification.

Improved Financial Performance

Adjusted revenue for Q1 was $243 million, and adjusted EBITDA was $96 million, resulting in a margin of 40%, a significant improvement sequentially.

Cash Position Strengthened

Quarter-end cash stood at $207 million, up $55 million from year-end 2024, driven by strong EBITDA and reduced CapEx.

Strategic Alliances and Contracts

Chevron extended the contract for Shelf Drilling Scepter in Nigeria for an additional year, and discussions are ongoing for further contract extensions and new opportunities in multiple regions.

Shelf Drilling (SHLLF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SHLLF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	-0.01 / -	0.119	―	―	―
Aug 07, 2025	2025 (Q2)	0.02 / 0.04	-0.07	158.57% (+0.11)
May 12, 2025	2025 (Q1)	0.02 / 0.05	0.07	-28.57% (-0.02)
Mar 03, 2025	2024 (Q4)	>-0.01 / 0.09	-0.053	269.81% (+0.14)
Nov 13, 2024	2024 (Q3)	>-0.01 / 0.12	0.203	-41.38% (-0.08)
Aug 14, 2024	2024 (Q2)	>-0.01 / -0.07	0.02	-450.00% (-0.09)
May 15, 2024	2024 (Q1)	0.07 / 0.07	-0.18	138.89% (+0.25)
Mar 04, 2024	2023 (Q4)	-0.02 / -0.05	-0.01	-430.00% (-0.04)
Nov 09, 2023	2023 (Q3)	0.08 / 0.20	-0.032	734.38% (+0.24)
Aug 09, 2023	2023 (Q2)	0.00 / 0.02	-0.115	117.39% (+0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SHLLF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$1.29	$1.36	+5.43%
May 12, 2025	$0.47	$0.47	0.00%
Mar 03, 2025	$0.72	$0.73	+1.39%
Nov 13, 2024	$1.28	$1.27	-0.78%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Shelf Drilling Ltd. (SHLLF) report earnings?

Shelf Drilling Ltd. (SHLLF) is schdueled to report earning on Nov 06, 2025, TBA (Confirmed).

What is Shelf Drilling Ltd. (SHLLF) earnings time?

Shelf Drilling Ltd. (SHLLF) earnings time is at Nov 06, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SHLLF EPS forecast?

SHLLF EPS forecast for the fiscal quarter 2025 (Q3) is -0.01.

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